EMX Royalty shares EMX, 45 minutes before the Friday close,
traded 71,000 and 429,000 shares at USD $1.98 and $1.94. This
pared the stock price from as high as $2.08 earlier in the
day. Dave Cole, EMX CEO, says he has no clue why. TCR TAKE:
The trade could be a distressed seller: margin call, forced sale,
liquidation of a trust. The Colorado roy-co is in discussions with Zijin Mining of China to resolve
a disputed copper-gold royalty at Serbia's Timok (Cukaru Peki). I added to a longstanding EMX stake
in the aftermarket at $1.97. -- Thom
Alamos Gold | Sierra Madre Resources | Collective Mining
In that tiny scroll of Reliable Sources I presented at the PDAC mining show in Toronto, I point to three execs I have known and tracked for a decade.
— ALAMOS GOLD/JOHN MCCLUSKEY: we discussed AGI and John at the Zürich show. Cash flow and more cash flow. AGI shares popped higher yet again this week after Alamos stated 128,000 ounces of gold across four mines in Canada and in Mexico. That’s 30%^ better than a year ago, thanks in good part to the Mulatos Mine in Mexico.
— Jorge Jamiro Monroy: Sierra Madre Gold & Silver, Reyna Silver, Reyna Gold, Cassiar Gold, Infinitum Copper … others: Jorge, a financier with one foot in Hong Kong and another in Mexico, I have known and corresponded with since 2012. He was in 2013 following up on every exploration lead I came across — a few in Colombia.
Monroy-linked miners getting attention this month are Cassiar Gold (Marco Roque) in light of connective, meaningful gold intercepts in British Columbia exploration drilling; and Sierra Madre Gold & Silver SM (Alex Langer). Jorge is just returning from an analyst tour at the underground mine it bought from First Majestic: La Guitarra (see images).
SM is halted from trading as the company raises money.
— Ari Sussman: Ari was the first Toronto exec I recall meeting in COLOMBIA. At the time, probably 2010 or so, he had a Brazil gold-platinum explorer, and the financier had a flagship Colombia miner of extremely high-grade, underground gold at Continental Gold’s Buriticá — since sold for more than $1 billion to China’s Zijin Mining.
Now, his Collective Mining CNL (Omar Ossma) is seeing breccia success at a copper-gold-silver site in Caldas, Colombia: – Guayabales, which I visited twice some 10 and 12 years ago; at the time, Guayabales was in other hands.
The Apollo targets there are porphyry; this is right next to the famous and infamous El Marmato spread of illegal miners that now — many, many years after viewing that riotous landscape three times, Aris Mining is some say getting a handle on. (I am hopeful yet wary.)
Speaking of riotous, radical Colombia President Gustavo Petro is starting to get some decent press outside of Colombia; Petro was just in Washington visiting U.S. President Joe Biden.
See:https://www.cnn.com/2023/04/
Ari, for his part, secured the same Continental Gold stock symbol for Collective: CNL. The stock, approx $260 million CAD, is one of the strongest gainers this year and last year (chart here) among the miner-explorers I track.
Always looking for gold/ platinum/silver/copper investment prospects. Copper, taking it on the chin at $3.89 a pound this week, is swamping shares of our largest nat-resources holding, Ivanhoe Mines IVN IVPAF. Albeit, Africa's Ivanhoe is showing trading volume some 75% of its 65-day average. I added yet more at $8.60 USD to a 20-year stake. -- Thom
— Thom Calandra
Thom Calandra is a writer and an investor. Research and material are meant as editorial opinion. He is not a professional investment adviser. Please do not consider his reporting as a recommendation to buy or sell securities.
Always looking for gold/platinum/silver/copper investment prospects. Copper, taking it on the chin at $3.89 a pound this week, is swamping shares of our largest nat-resources holding, Ivanhoe Mines IVN IVPAF. Albeit, Africa's Ivanhoe showing trading volume some 65% of its 65-day average. I add yet more just now at $8.60 USD -- to a 20-year stake. --
